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BusinessDesk - Latest News [Page 1523]

South Canterbury receiver sells stake in Financial Synergy

Monday, 1 August 2011, 3:45 pm | BusinessDesk

Aug. 1 (BusinessDesk) – The receiver of South Canterbury Finance Ltd. has sold the failed lender’s stake in Financial Synergy Ltd. (FSL) to local interests including co-owner David Hair. More >>

NZ dollar outlook: Kiwi may fall on U.S. debt deal

Monday, 1 August 2011, 1:52 pm | BusinessDesk

Aug. 1 (BusinessDesk) - The New Zealand dollar, trading near a post-float high, may fall this week after U.S. policy makers tentatively agreed to a package of spending cuts that will allow the government to continue borrowing and avoid a default. More >>

NZ commodity prices fall in July, high kiwi sinks NZ index

Monday, 1 August 2011, 1:42 pm | BusinessDesk

August 1 (BusinessDesk) – New Zealand commodity prices declined for a second month in July, with weakness in logs and dairy products, while kiwifruit prices rose, according to the ANZ Commodity Price Index. More >>

Midday update: Kiwi trades above US88 cents

Monday, 1 August 2011, 12:06 pm | BusinessDesk

Aug. 1 (BusinessDesk) - The New Zealand dollar topped U.S. 88 cents for the first time in more than 30 years as international investors continue to seek investment in markets that avoid the political impasse on raising the American debt ceiling. ... More >>

Smith seeks ETS review update to account for Australia

Monday, 1 August 2011, 11:13 am | BusinessDesk

Aug. 1 (BusinessDesk) – Climate Change Minister Nick Smith is seeking an update from the emissions trading scheme review committee to take account of Australia’s recent announcements to implement a carbon price. More >>

IRG expects to meet 5-day deadline to file annual report

Monday, 1 August 2011, 11:10 am | BusinessDesk

August 1 (BusinessDesk) - Investment Research Group Ltd. says it expects to meet an NZX extended deadline to file its financial report for the year ended March 31, after missing the standard deadline on Friday. More >>

Stocks to watch: APN, AWF, CHA, DNZ, OGC, PEB

Monday, 1 August 2011, 9:42 am | BusinessDesk

July 28 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>

WEEKLY SPORTS DIGEST: Button wins in Hungary

Monday, 1 August 2011, 8:43 am | BusinessDesk

01/08/11 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>

NZ dollar rises to post-float high as US talks grind on

Monday, 1 August 2011, 8:36 am | BusinessDesk

August 1 (BusinessDesk) - The New Zealand dollar rose, hitting a fresh post-float high against the greenback as investors looked to limit their exposure to the U.S., where 11th hour negotiations are still underway to raise the US$14.3 trillion debt ... More >>

World Week Ahead: Crunch time

Monday, 1 August 2011, 6:56 am | BusinessDesk

August 1 (BusinessDesk) - Tuesday’s much-talked-about deadline is almost here and while there is some optimism a deal is in the making, the gulf between U.S. Democrats and Republicans remains huge and bets that an agreement will be reached are far from ... More >>

MARKET CLOSE: NZ stocks mixed; Heartland falls, NZX rises

Friday, 29 July 2011, 5:53 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand stocks closed mixed with investors bracing for a potential U.S. default after Republican lawmakers abandoned a plan by House Speaker John Boehner to raise the debt ceiling. Heartland New Zealand Ltd. led decliners, ... More >>

James Smith’s Corner owner in liquidation

Friday, 29 July 2011, 5:47 pm | BusinessDesk

July 29 (BusinessDesk) – Property developer David Blackmore’s Blackmore Trust Ltd., which owns and manages Wellington’s James Smith’s Corner, has been put into liquidation. More >>

High Court throws out DNZ’s bid to force Argosy meeting

Friday, 29 July 2011, 3:39 pm | BusinessDesk

July 29 (BusinessDesk) – The High Court in Auckland has thrown out a bid by property investor DNZ Property Fund Ltd. to force a special meeting for Argosy Property Trust unitholders to vote on dumping the ANZ Bank-owned manager. More >>

MONEY TALKS: The markets don’t believe Bollard, why do you?

Friday, 29 July 2011, 3:29 pm | BusinessDesk

We came, we saw, we left a little baffled. And so should the poor old mortgage holder. More >>

Pacific Edge to raise $21M for US laboratory, market push

Friday, 29 July 2011, 1:20 pm | BusinessDesk

Pacific Edge to raise $21 mln for US laboratory, expansion into world’s biggest market More >>

Wakefield's third bid for Norfolk gains ground

Friday, 29 July 2011, 12:12 pm | BusinessDesk

July 29 (BusinessDesk) - Hospital operator Wakefield Health Ltd.'s third bid to acquire a controlling stake in Norfolk Investments may be gaining traction, with the company announcing today that it now holds 28.7% of the takeover target. More >>

Midday Update: NBR Rich Listers get a little richer

Friday, 29 July 2011, 12:10 pm | BusinessDesk

July 29 (BusinessDesk) - The richest 151 New Zealanders grew their wealth by $7 billion to $45.2 billion last year. The NBR Rich List celebrated its 25th anniversary, and was topped by packaging magnate Graeme Hart for yet another year, with an estimated ... More >>